Manba Finance will hold a meeting of the Board of Directors of the Company on 28 November 2024Powered by Capital Market - Live

The domestic equity benchmarks traded with significant gains in mid-morning trade. The Nifty traded above the 23,750 mark. IT shares advanced after declining in the past trading session. At 11:26 IST, the barometer index, the S&P BSE Sensex surged 1,042.21 points or 1.35% to 78,381.22. The Nifty 50 index jumped 308.60 points or 1.32% to 23,762.40. In the broader market, the S&P BSE Mid-Cap index rallied 1.72% and the S&P BSE Small-Cap index jumped 1.91%. The market breadth was strong. On the BSE, 2,893 shares rose and 876 shares fell. A total of 127 shares were unchanged. IPO Update: The initial public offer (IPO) of NTPC Green Energy received bids for 6,73,23,714 shares as against 59,31,67,575 shares on offer, according to stock exchange data at 11:15 IST on 19 November 2024. The issue was subscribed 0.11 times. The issue opened for bidding on 19 November 2024 and it will close on 22 November 2024. The price band of the IPO is fixed between Rs 102 to Rs 108 per share. An investor can bid for a minimum of 138 equity shares and in multiples thereof. Buzzing Index: The Nifty IT index jumped 2.05% to 42,253.95. The index dropped 2.23% in the past trading session. Tech Mahindra (up 2.69%), Coforge (up 2.66%), Mphasis (up 2.57%), L&T Technology Services (up 2.44%), Tata Consultancy Services (up 2.22%), Wipro (up 2.01%), Persistent Systems (up 1.62%), Infosys (up 1.6%), LTIMindtree (up 1.52%) and HCL Technologies (up 1.04%) advanced. Stocks in Spotlight: Manba Finance rallied 3.72% after the company announced the signing of a memorandum of understanding (MoU) with Piaggio Vehicles to offer customized financing solutions for three-wheelers. Godavari Biorefineries dropped 4.36% after the company's consolidated net loss increased to Rs 74.99 crore in Q2 FY25 from net loss of Rs 65.14 crore posted in Q2 FY24. Revenue from operations declined 33.73% YoY to Rs 320.05 crore in the quarter ended 30 September 2024. GMR Airports Infrastructure jumped 5.15% after the company reported a 9% year on year (YoY) increase in passenger traffic across all GMR airports, reaching over 10.7 million passengers in October 2024. Global Markets: Most Asian stocks traded higher on Tuesday as investors awaited key cabinet appointments from the incoming Trump administration. Meanwhile, market participants monitored shifts in US Federal Reserve policy expectations. The probability of a rate cut at the December Fed meeting has decreased in recent days, as resilient economic data and potential inflationary pressures from the new administration's policies could limit the scope for easing. US stocks closed mixed on Monday. While the Dow Jones Industrial Average slipped 0.13%, the S&P 500 gained 0.39%, and the Nasdaq Composite Index rose by 0.60%. Tesla shares surged over 5% following reports of the incoming administration's focus on autonomous vehicle development. NVIDIA stock closed 1% lower amidst reports of overheating issues with its upcoming AI chips, ahead of its third-quarter earnings report on Wednesday. The upcoming week's US economic calendar is relatively light, with the key focus being the manufacturing and service sector PMI data due out on Friday. The National Association of Homebuilder's reported its housing market index for November rose to a reading of 46 versus 43 last month. Powered by Capital Market - Live

Piaggio Vehicles (PVPL) is a wholly-owned subsidiary of the Piaggio Group and a prominent manufacturer of small commercial vehicles in India. The collaboration aims to provide financing solutions to customers, featuring low down payment options, competitive interest rates, and loan tenures of up to four years. It would cover both internal combustion engine (ICE) and electric vehicle (EV) variants. Under this agreement, Manba Finance and Piaggio Vehicles will form a dedicated central coordination team to oversee the partnership's implementation. The team will focus on key areas such as product structuring, interest rate optimization, resource allocation, centralized communication, and training to ensure the efficient execution and monitoring of the tie-up. Monil Shah, CBO & Director, said: 'We are proud to collaborate with one of India's leading 3-wheeler manufacturers, a trusted brand among aspiring entrepreneurs across the country. This partnership strengthens our footprint in the 3-wheeler segment while enabling us to provide seamless digital lending solutions to our customers.' Manba Finance is a non-banking financial company ' base layer (NBFC-BL) providing financial solutions for new two-wheeler (2Ws), three-wheeler (3Ws), electric two-wheeler (EV2Ws), electric three-wheeler (EV3Ws), used cars, small business loans and personal loans with an AUM size of more than Rs 1,106 crore as on 30 September 2024. Powered by Capital Market - Live

Manba Finance has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles (PVPL), a wholly-owned subsidiary of the Piaggio Group and a prominent manufacturer of small commercial vehicles in India. The collaboration aims to provide tailored financing solutions to customers, featuring low down payment options, competitive interest rates, and loan tenures of up to four years. Under this agreement, Manba Finance and Piaggio Vehicles will form a dedicated central coordination team to oversee the partnership's implementation. The team will focus on key areas such as product structuring, interest rate optimization, resource allocation, centralized communication, and training to ensure the efficient execution and monitoring of the tie-up. Covering both internal combustion engine (ICE) and electric vehicle (EV) variants, this partnership supports India's EV transition while encouraging entrepreneurship in the 3W segment. Special financing considerations are also available for women entrepreneurs, further enhancing inclusivity. Powered by Capital Market - Live

Piaggio Vehicles (PVPL), a wholly-owned subsidiary of the Piaggio Group, is a prominent manufacturer of small commercial vehicles in India. Under this agreement, Manba Finance and Piaggio Vehicles formed a dedicated central coordination team to oversee the implementation of the partnership. This team focused on key areas such as product structuring, interest rate optimization, resource allocation, centralized communication, and training, ensuring the efficient execution and monitoring of the collaboration. The partnership came at a time when electric three-wheeler (3W) sales in India reached a record high of 65,700 units in October, driven by festive demand and the growing adoption of sustainable mobility options. Electric 3Ws were just 16,856 units away from surpassing the total sales of 583,597 units for the entire calendar year 2023. The collaboration covered both internal combustion engine (ICE) and electric vehicle (EV) variants, supporting India's transition to electric mobility and encouraging entrepreneurship in the 3W segment. Special financing provisions were also made available for women entrepreneurs, further enhancing inclusivity, it added. Through a seamless digital onboarding process, customers were able to experience a streamlined and efficient financing journey, reflecting Manba Finance's commitment to customer convenience and accessibility. Monil Shah, CBO & Director, said, We are proud to collaborate with one of India's leading 3-wheeler manufacturers, a trusted brand among aspiring entrepreneurs across the country. This partnership strengthens our footprint in the 3-wheeler segment while enabling us to provide seamless digital lending solutions to our customers. Manba Finance incorporated in 1996 is a Non-Banking Financial Company-Base Layer (NBFC-BL) providing financial solutions for new two-wheeler (2Ws), three-wheeler (3Ws), electric two-wheeler (EV2Ws), electric three-wheeler (EV3Ws), Used Cars, Small Business Loans and Personal Loans with an AUM size of more than Rs 1,106 crore as on 30 September 2024. As on 18 November 2024, the company's market cap stood at Rs 736.76 crore on the BSE. Powered by Capital Market - Live

Manba Finance announced that the Board of Directors of the Company at its meeting held on 24 October 2024, inter alia, have recommended the 1st interim dividend of Rs 0.25 per equity Share (i.e. 2.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Manba Finance declined 16.14% to Rs 11.64 crore in the quarter ended September 2024 as against Rs 13.88 crore during the previous quarter ended September 2023. Sales rose 51.10% to Rs 60.35 crore in the quarter ended September 2024 as against Rs 39.94 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales60.3539.94 51 OPM %73.0491.16 - PBDT17.0418.07 -6 PBT15.9216.94 -6 NP11.6413.88 -16 Powered by Capital Market - Live

Manba Finance will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

Manba Finance will hold a meeting of the Board of Directors of the Company on 18 October 2024.Powered by Capital Market - Live

The domestic equity indices experienced significant losses on Monday, declining for second consecutive session, as tensions in the Middle East escalate amid the Israel-Lebanon conflict. The Nifty settled below the 25,850 mark. Auto, financial services and private bank shares declined while metal and media shares advanced. Investors will monitor a busy week of US economic data, culminating in the November jobs report. This report could significantly influence the Fed's decision on interest rate cuts. As per provisional closing, the S&P BSE Sensex, tanked 1,272.07 points or 1.49% to 84,299.78. The Nifty 50 index dropped 368.10 points or 1.41% to 25,810.85. In the broader market, the S&P BSE Mid-Cap index fell 0.28% and the S&P BSE Small-Cap index rose 0.07%. The market breadth was negative. On the BSE, 1,821 shares rose and 2,216 shares fell. A total of 153 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 6.89% to 12.79. Economy: India's foreign exchange reserves climbed for the sixth consecutive week to a record high of $692.3 billion as of September 20, according to data released by the Reserve Bank of India on Friday (September 27). The reserves increased by $2.84 billion during the week, following a total rise of $19.3 billion over the previous five weeks. Foreign currency assets, the largest component of the reserves, rose to $605.7 billion from $603.6 billion in the previous week. Gold reserves increased, climbing to $63.6 billion from $62.9 billion. Special Drawing Rights (SDRs) stood at $18.5 billion, up from $18.4 billion. Meanwhile the reserve tranche position with the International Monetary Fund (IMF) fell slightly to $4.46 billion from $4.52 billion. New Listing : Shares of Manba Finance closed at Rs 157.45 on the BSE, representing a premium of 31.21% as compared with the issue price of Rs 120. The scrip was listed at Rs 150, exhibiting a premium of 25% to the issue price. The stock has hit a high of 157.45 and a low of 144. On the BSE, over 14.05 lakh shares of the company were traded in the counter. IPO Update : The initial public offer (IPO) of Diffusion Engineers received bids for 62,20,36,976 shares as against 65,98,500 shares on offer, according to stock exchange data at 15:15 IST on Monday (30 September 2024). The issue was subscribed 94.27 times. The issue opened for bidding on Thursday (26 September 2024) and it will close on Monday (30 September 2024). The price band of the IPO is fixed between Rs 159 to Rs 168 per share. An investor can bid for a minimum of 88 equity shares and in multiples thereof. Buzzing Index: The Nifty Auto fell 2.11% to 27,027.20. The index rallied 2.68% in past two consecutive trading sessions. Hero MotoCorp (down 4.11%), TVS Motor Company (down 3.58%), Mahindra & Mahindra (down 3%), Bajaj Auto (down 2.52%), Maruti Suzuki India (down 2.05%), Tata Motors (down 1.92%), Samvardhana Motherson International (down 1.85%), MRF (down 1.77%), Ashok Leyland (down 1.67%) and Eicher Motors (down 0.75%) edged lower. On the other hand, Exide Industries (up 1.08%),Balkrishna Industries (up 0.36%) and Apollo Tyres (up 0.09%) edged higher. Stocks in Spotlight: Kaynes Technology India slipped 2.40%. The company has entered into share purchase agreement (SPA) to acquire 100% stake in Iskraemeco India for total consideration of Rs 42 crore. Bajaj Steel Industries zoomed 16.17% after the company announced that its board will meet on Thursday, 03 October 2024, to consider the proposal for issuance of bonus shares to the shareholders of the company. Shakti Pumps (India) hit an upper circuit of 5% after the company said that its board scheduled to meet on Monday, 7 October 2024 to consider the issue of 5 bonus equity shares for every 1existing equity share (5:1). Aurobindo Pharma slipped 3.16% after US Food and Drug Administration (USFDA) issued 10 observations to the company's wholly owned subsidiary, Apitoria Pharma's API manufacturing facility situated in Telangana. Bajel Projects rallied 6.37% after the company announced that it had successfully entered the emerging data centre segment by securing its first order from an upcoming data centre service provider. Welspun Enterprises rose 1.46% after the company said that it has been declared as L1 bidder by the Brihanmumbai Municipal Corporation for design and construction of Tertiary Treated Water Conveyance Tunnel from Dharavi to Ghatkopar. NBCC (India) advanced 1.01% after the company announced that it has received work order worth Rs 101 crore from National Highways Authority of India (NHAI). Welspun Corp advanced 3.51% after the company received a prestigious order from the Middle East for supply of coated longitudinal submerged arc welding (LSAW) pipes and bends for sour service. Max Estates rose 0.89%. The company said that its first residential development in Gurugram has garnered pre-sales booking value of Rs 4,100 crore, surpassing the guidance of Rs 4,000 crore provided by the company for FY25. Avantel jumped 7.23% after the company informed that it has received a purchase order for an amount of Rs 44.49 crore from Larsen & Toubro (L&T) for the supply of satcom systems. Global Markets: European stocks declined on Monday despite the inflation rate in North-Rhine Westphalia, Germany's most populous state, fell to 1.5% year-on-year in September, down from 1.7% in August. Further, market participants will monitor Lagarde's speech about monetary policy at European Parliament today. Further, the US Federal Reserve Chair Jerome Powell will speak at the National Association for Business Economics Annual Meeting, in Nashville which will be in investors' focus. Asian stocks ended lower on Monday as Middle East tensions offset China's stimulus measures. The Nikkei tumbled on concerns about Japan's new prime minister favoring higher interest rates. The Shanghai Composite surged over 4%, extending last week's 13% rally. China's central bank announced plans to reduce mortgage rates for existing home loans by the end of October, likely by an average of 50 basis points. This move is part of Beijing's largest stimulus package since the pandemic, which includes a range of monetary, fiscal, and liquidity support measures. Despite the stimulus, China's Caixin Manufacturing PMI declined from 50.4 in August to 49.3 in September, indicating a return to contraction. The manufacturing sector deteriorated in September after improving the previous month. In the United States, the Dow closed at a record high on Friday, shrugging off tech sector volatility. Surging energy stocks and signs of cooling inflation boosted investor sentiment. The 30-stock Dow Jones Industrial Average gained 0.3%, reaching a new closing record of 42,313. The benchmark S&P 500 fell 0.2%, and the tech-heavy Nasdaq Composite was down 0.4%. The US Personal Consumption Expenditures index, the Fed's preferred inflation measure, showed that annual inflation decreased to 2.2% in August from 2.5% the month before. Fed Chair Jerome Powell is scheduled to deliver a closely watched speech on Monday.Powered by Capital Market - Live